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Banks find big innovation payoff in hackathons

Discussion in 'CSO' started by RSS, Sep 14, 2016.

  1. RSS

    RSS New Member Member

    Vishal Srivastava pulled an all-nighter coding one weekend building a mobile application that turned the onerous and sometimes awkward task of settling a restaurant bill into a game. An amusing twist on credit card roulette, the software includes monsters that eat their way around the screen before settling on the photo of the victim who must pay the tab.

    The app, Undutchly, won the $15,000 grand prize in a hackathon held last month at Plug and Play's Tech Center in Sunnyvale, Calif, hosted by U.S. Bank and MasterCard. The competition, which included 100 developers spread across 23 teams, is part of U.S. Bank's bid to uncover new software by tapping into Silicon Valley’s programming talent. "We thought, let's engage the smart folks in Silicon Valley to build solutions using APIs," Doug Nielson, U.S. Bank's senior vice president for innovation research and development, tells CIO.com.

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